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Nov. 16: Global corruption: Capitalism's Achilles Heel


Talk by Raymond Baker of the Brookings Institution, author of the new book Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System

When: Wednesday 16 November, reception at 5:30, dinner at 6:30, talk starts at 7:15 and ends at 8:45 PM

Where: Butler University 4600 Sunset Ave. Indianapolis: Johnson Room, Robertson Hall

This is the 50th anniversary gala for the Indiana Council on World Affairs, and it should be a good one. Terrorism, drug and human trafficking, environmental degredation, income inequality, poverty, political repression...no matter what your angle or area of concern in international affairs, there is money behind every challenge facing civilization. Dictators need resources to pay off their political power bases pases and support their lavish lifestyles; terrorists need resources to acquire weapons and stealthily transfer wealth to aid allies across borders; criminals, such as poachers, drug smugglers and human traffickers need some way to stash their ill-gotten proceeds; wealthy corporations and individuals have to hide their money somewhere to avoid paying taxes and skewing the economic system further in their favor. No matter what problem you're looking at, money needs to go in, and money needs to come out, and somebody has to hide it. Raymond Baker is under no illusions. He's no pie-in-the-sky socialist still refusing to accept that capitalism has enriched and people everywhere it has been introduced. At the same time, he's not slavishly devoted to the ideology that says open markets are the cure for all ills, that the best the solution for every problem is simply to let the market "do its thing." He recognizes that the key to having a safe, fair and free capitalist system is to re-establish fair play and the rule of law necessary to maintain a truly free market. Baker’s book Capitalism’s Achilles Heel is grounded in Baker's rich use of economics, philosophy, practicality, personal experience and careful research. Incorporating case studies, economic research, the proceeds of international criminal investigations and his own experience as an international businessman, Raymond Baker shows how dirty money is at the center of so many of the world's problems--not just a peripheral side-effect of the spread of wealth--and why it is so important to get this worsening problem under control.

$27 to attend the event. For more information or to RSVP, please contact ICWA president Kishor Kulkari at KMKulkarni@aol.com

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